Broadcom shares closed sharply lower Monday in the final minutes of trading following a report that Apple was working on its own WiFi and Bluetooth chips.
Broadcom Inc. shares closed sharply lower Monday in the final minutes of trading following a report that Apple Inc. was working on its own WiFi and Bluetooth chips, which would make Broadcom’s unnecessary in iPhones and other Apple mobile devices.
Toward... Broadcom Inc. shares closed sharply lower Monday in the final minutes of trading following a report that Apple Inc. was working on its own WiFi and Bluetooth chips, which would make Broadcom’s unnecessary in iPhones and other Apple mobile devices. Toward the end of the trading day, Bloomberg News reported that Apple AAPL had in place plans to release its first modem chip at the end of 2024 or early 2025, giving the consumer-electronics giant little reason to buy those chips from Broadcom.
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